COMMERCIAL

Southland Times, Issue 20219, 2 July 1927, Page 2

COMMERCIAL

EASTERN DISTRICT FAT STOCK. BURNSIDE MARKET. Vendors of fat stock from the Eastern District at the Burnside fat stock market on Wednesday realised the following prices: Cattle: John Black (Mataura), heifers £lO 12/6, £8 15/-, £7 17/6, bullock £6 12/6; C. Carnie (Mataura Island), bullock £8 10/-; D. Yardley and Son (Moa Flat), heifers £lO 7/6, £lO, £9 17/6, £9 12/6, £9 5/- and £7 10/-. Sheep: .Southland Farmers’ Co-op., Gore, as agents, wethers 35/-, 28/6 and 37/-; M. Hanley (Gore), wethers 35/6 and 27/-, ewes 26/6; R. Brown (Mataura), wethers 34/6 and 32/9; John Gordon (Heriot), wethers 40/3 and 35/3; D. S. McKenzie (Heriot), wethers 36/9, 36/3 and 34/-, ewes 29/9; James Todd (Heriot), wethers 35/9 and 33/6, ewes 19/3; J. Mitchell (Clinton), wethers 35/6, ewes 34/6 and 26/3; R. , Brown (Clinton), ewes 32/9, 31/- and 27/9; Todd and Davis (Heriot), ewes 27/-, 26/3, i 24/- and 22/6; C. Todd (Heriot), wethers 25/3 and 24/6; C. W. Body (Kelso), [wethers 47/9, 44/-, 39/3 and 41/9; D. [ Crossan (Kelso), wethers 45/3 and 40/3 and ! ewes 28/9; W. Kirk (Kelso), ewes 35/9 and 34/6; M. Fitzgerald (Pomahaka), wethers 34/9, 35/- and 30/6; W. Clark (Kelso), ewes 30/- and 25/3; P. Sim and Son (Crookston), wethers 35/6 and 33/-; McBain Bros. (Otama), wethers 39/-, 34/and 30/-; A. Black (Heriot), wethers 35/3, ewes 24/6 and 20/-; C. and W. Sheil (Heriot), ewes 23/3 and 21/6; D. McKenzie (Heriot), lambs 30/3 and 27/3; Mrs Shanks (Heriot), lambs 32/9; Mrs Millane (Gore), lambs 29/- and 28/-; A. Black (Heriot), lambs 29/-, 28/9 and 26/-; C. W. Body (Kelso), lambs 28/6; P. Sim and Son (Crookston), lambs 30/6 and 29/-. LONDON MARKETS. Messrs Dalgety and Company, Ltd., report having received the following advice from their head office, London, under date of June 30, 1927. FROZEN MEAT MARKET.

New Zealand lamb market weak. Demand runs principally on poorer qualities. New Zealand mutton market—any change is in favour of buyers. Demand quiet. New Zealand beef market firm. Demand better. New Zealand Prime Lamb, 281 b to 361 b, Canterbury 9d; North Island B}d; 361 b to 421 b, Canterbury, 84d; North Island 8d; second quality, Canterbury, BAd; North Island BAd; 421 b to 50ib, Canterbury 8d; North Island 7id. New Zealand prime mutton, 481 b to 561 b, Canterbury, 6d; North Island sfd; 561 b to 641 b, Canterbury, North Island sd; 641 b to 721 b, Canterbury, 4£d; North Island 4d. New Zealand Prime Ewe, 481 b to 641 b, Canterbury 4d; North Island 4d. New Zealand Prime Ox Beef, hinds sd; fores 3§d. Argentine Chilled Beef, hinds 8d; fores 4d. Baconers, 1201 b to 1701 b, 64d; 1701 b and over 6d. Quotation for baconers is nominal. DAIRY PRODUCE MARKET. Butter.—Market steady but quiet. Danish 160/-; New Zealand finest salted 158/to 162/-; finest Australian unsalted 164/- to 168/-; finest Australian salted 158/- to 162/-. Cheese. —Market slow. New Zealand white 83/- to 84/-, coloured 85/- to 86/-; Canadian cheese, white 92/- to 100/-, coloured 92/- to 100/-; Canadian cheese c.i.f. 85/-. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS,. (Per United Press Association.) Auckland, July 1., Sales on ’Change: War Bonds (1939) £96 17/-: New Zealand Breweries’ Debentures 23/6; Bank of New Zealand 58/6; New Zealand Guarantee Corporation 8/11; Moanataiari (cont.) 2/8, 2/7, 2/6; Alburnia 4/1, 4/-; Lucky Shot (cont.) 1/11. Wellington, July 1. Sales reported: 4$ per cent. Stock (1939) £97; E. S. and A. Bank £8 7/-; Bank of New Zealand 59/-; Goldsbrough Mort and Co. 46/9. Christchurch, July 1. Sales reported: Commercial Bank of Sydney £24 15/-; Bank of New Zealand 58/9; Bank of New South Wales £45 10/-; Dalgety and Co. (new) £5 12/-. Sales on ’Change: National Bank of Australasia (£5 paid) £8 10/-; Commercial Bank of Sydney £24 15/-; Bank of New South Wales £45 5/-, £45 10/- (3 parcels); Bank of New Zealand 58/7; New Zealand Refrigerating (cont.) 6/2 (4 parcels) ; New Zealand Breweries’ 47/-, 46/6. Dunedin, July 1. Sales on ’Change: Kawarau 1/3 (two parcels). Sales reported: National Electric 12/6; Westport Coal 34/-; Crystal Ice 19/-. CANTERBURY MARKETS. ADVANCE IN POTATO PRICES. Christchurch, July 1. The event of the week has been the announcement of the Minister of Agriculture in regard to the importation of Tasmanian potatoes. It was recognised that an embargo without some valid reason could not be imposed on account of the reciprocity agreement existing between the two countries, but that New Zealand growers would be satisfied if the inspection were as rigorous as was the case with dominion potatoes entering the Commonwealth. The Minister’s statement was on these lines. The Wingatui at the beginning of the week took away 11,400 sacks for Auckland, and the Kurow on Wednesday 3200 sacks. The market to-day advanced half-a-crown a ton and July’s are quoted at £5 7/6 f.0.b., s.i., whilst July-September’s are at £5 17/6. Farmers are being quoted £3 15/- to £4 a ton, but when the tubers are in pit they are not going to be taken out at this price, and where still in the ground it is too wet and broken for digging. The Wingatui’s big consignment cleared away a lot Of the potatoes in store. Dakotas have eased to £6 12/6 f.0.b., s.i. There is little doing in wheat which is quoted at round about 6/- on trucks, for Tuscan, and 6/3 for Hunters on trucks. White oats are easier and A’s are quoted at 3/4 to 3/4A f.o.b. s.i. July B’s are quoted at 3/1. There is little inquiry as Australia does not want white oats. Prices on trucks are from 2/8 to 2/10 for A’s, and 2/6 for B’s. Business continues with Victoria for Algerians, they having been sold at 3/6 f.0.b., s.i. for shipment. Reports from the South in regard to the dogstail crop are that it was a good one. Values hardened locally up to 140/- per cwt, f.0.b., for dressed seed, but this caused a lull in business for export and prices have declined slightly. Fescue has also been a good crop and some export has taken place. ,Best quality machine-dressed, is quoted at 8d a lb. At the moment however, there is little outside demand. Perennial ryegrass has been sold during the week at 4/3 f.0.b., Lyttelton, for 27-281 b seed. On truck values are from 2/9 to 3/-. Italian is quoted at 3/- dressed, with no inquiry. For on trucks 1/9 is ruling. Cocksfoot is very dull with prices on trucks at 5d to 6d a lb. Cowgrass 8d to 9d, this commodity also being little inquired for. METAL MARKET. (By Telegraph—Press Assn.—Copyright.) (Rec. 7.5 p.m.) London, June 30. Copper: Spot £53 9/44; forward £54 0/74. Lead: Spot £23 10/-; forward £23 17/6. Spelter: Spot £2B 2/6; forward £2B 1/3. Tin: Spot £3OO 2/6; forward £285 12/6. Silver: Standard 26 l-16d; fine 28§d per ounce.— A., and N.Z.

WHEAT CARGOES. (Rec. 7.30 p.m.) London, June 30. Wheat cargoes are unchanged and 3d lower though firmer closing on American reports of rust. Parcels are neglected at 3d decline. Liverpool Futures: July-October 11/-; December 10/11:} per cental. Spot trade is firmer. Australian ex ship I 58/6. Flour is quiet. Australian, ex store 42/-. Oats are steady. Peas and beans, are dull.—A. and N.Z. AM DAIRY PRODUCE. (Rec. 7.30 p.m.) London, June 30. Butter is quiet. Australian and New Zealand choicest salted 158/- to 160/-; exceptional 162/-; Danish 162/-. Cheese is steady. New Zealand 84/- to 86/-; Australian 81/- to 83/-.—A. and N.Z. BRADFORD TOPS. (Rcc. 7.30 p.m.) London, June 30. Bradford tops show a better tone for crossbreds, but business is small. Merinos are quiet. Topmakers advanced quotations prospectively, G4’s 48d; 60’s 44d; 56’s 35d; 50’s 274 d; 40’s 214 d: 40’s 204 d.—A. and N.Z. FOREIGN EXCHANGE.

London, June 30. The exchange rates are as follows:— Paris, fr to £1 .. ., May 27. June 30. 124.00 124.00 Brussels, belgas to £1 .. Oslo, kr to £1 ... .. 34.96 34.95 18.79 18.79 Stockholm, kr to £1 .. 18.15 18.12 Copenhagen, kr to £1 18.18 18.17 Rome, lire to £1 .. .. 88.65 87.88 Berlin, rchmkn to £1 20.50 20.49 Montreal, dol to £1 .. 4.81 4.86 6-16 New York, dol. to £1 4.85 13-16 4.85 g Yokohama, st to yen . 22 13-16 23 5-16 Calcutta, st to rupee .. 17 15 16 17 29-32 Hong-Kong, st to dol . 24 J 24J Amsterdam, gldr to £1 12.13J 12.12A Batavia, guilder to £1 12.1J 12.11J —A. and N.Z. and Sun.